Tanker shares jump as war rages; other shipping shares mixed
Tanker stocks favored by retail traders post big gains, while most container and dry bulk stocks hold steady.
Tanker stocks favored by retail traders post big gains, while most container and dry bulk stocks hold steady.
Barring an economic downturn, U.S. demand could still be squeezing ports a year from now.
Carrier profits are reaching previously unimaginable heights as supply chain disruptions supercharge gains.
Shares of Zim are flirting with a new peak while shares of ship-leasing, dry bulk and tanker companies lose ground.
Matson set additional emissions-reduction targets Monday. The Hawaii-based shipping company plans to reach its goals by improving efficiency and accelerating zero-carbon fuels and technologies.
As America struggles with a growing supply chain crisis, ocean carriers rake in even more profits.
An in-depth look at CEO compensation in container shipping, bulk shipping and the cruise industry
COVID has been great for stocks. In ocean shipping, container and dry bulk shares rode the wave. Tankers stocks sank.
West Coast congestion could last into the fall as retailers face stockouts on essential goods, says ocean carrier Matson.
Liners are paying historically high rates to charter ships and maximize their exposure to the booming freight market.
Container, dry bulk and tanker stocks push forward. Biggest winner since mid-2020: Danaos, up (this is not a typo) 1,202%.
It’s not just small and midsized importers that face massive contract rate hikes. Even the biggest shippers will feel the pain.
ZIM, newest Wall Street shipping entrant, is riding wave of record-high freight rates. Shares fully recovered from rocky start.
A Biden administration teamed with a Democratic Congress should lead to even more stimulus, a recipe for even more container imports.
Successful IPO by ZIM would offer investors direct exposure to trans-Pacific freight-rate craziness, but not without risks from debt load.
A look back at 2020’s shipping roller coaster: how container sector emerged as ‘surprise rock star’ and tankers peaked early, then plunged.
Chances slim for 2021 shipping equity offerings, but a container-liner IPO prospect remains on the table.
Container shipping stocks are back to pre-COVID levels whereas many tanker and bulker stocks are down by double-digits year-to-date.
The total market capitalization of U.S.-listed ocean shipping stocks has plunged 34% in 2020, but there are reasons for hope in 2021.
The one-two punch of the Pfizer vaccine and Joe Biden’s victory will affect container and tanker shipping in multiple ways.